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| Section | Objectives |
|---|---|
| Bonus Calculation and Guidelines | - Calculation methods
|
| Business Goals and Bonus Plans | - Goal and plan configuration
|
| Employee History and Data | - Historical data management
|
| Reports and Reward Statements | - Reporting
|
| Permissions and Administration | - Role-based permissions
|
| Variable Pay Program Setup | - Program configuration
|
1. Given the image below, what hierarchy method is being used in the template?
Please choose the correct answer.
Response:
A) Compensation Manager hierarchy with inactive users
B) Compensation Manager Hierarchy
C) Standard suite hierarchy with inactive users
D) Standard suite hierarchy
2. The client has 3 business 3 business goals for their variable pay program: PROFIT, EBITA and NETSALES.
However, If their net sales is less than the payment(regardless of performance) and payout will b ezero.
How can one goal's performance affect the payout of another goal?
There are 2 correct answers to this question.
Response:
A) Configuring an eligibility rule
B) Using the gates option for business goals
C) Using the performance minimum in business goals
D) Use IF/THEN logic to modify the payout amount at the assignment level
3. Customer variable pay program dates are January 1 to December 31, 2014. Given the screenshot below, what are proration and prorated target amount?
Please choose the correct answer.
Response:
A) 75% and 6000 respectively
B) 75% and 2000 respectively
C) 25% and 2000 respectively
D) 25% and 6000 respectively
4. How are business goals cascaded to employees?
Please choose the correct answer.
Response:
A) Eligibility file contains the look-up attributes to cascade goals to employees
B) Business goals come from Performance Management forms
C) Bonus Plan defines which goals are assigned to bonus plan
D) Business goal uses fields from Employee History file as look-up attributes
5. The customer is using a custom formula to calculate for employee basis. What do you need to do in regards to the basis field maintenance?
Please choose the correct answer.
Response:
A) Configure the field to be hidden in the background element
B) Configure the field as a custom field in the back ground element
C) Leave the field blank when importing the Employee History data file
D) Delete the field when importing the Employee history data file
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: B,C | Question # 3 Answer: A | Question # 4 Answer: D | Question # 5 Answer: A |
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